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01-04-2015, 02:25 PM
The impact of a lower oil price...
Cosco Corp to delay delivery of two rigs
SINGAPORE (April 1): Cosco Corp ( Financial Dashboard) has hit yet another roadblock.
Its subsidiary Cosco (Dalian) Shipyard has received a request from a ship owner to push back the delivery of two drilling rigs.
The rigs were part of three projects Cosco secured in November 2013 worth more than US$380 million.
They were initially scheduled to be delivered in 1H2016 and 2H2016 respectively. The buyer had an option to order an additional two rigs.
"Cosco Dalian acceded to the rescheduling of the delivery of the drilling rigs upon the request of and after negotiations with the ship owner," Cosco said in a statement today.
The rigs will now be delivered in December next year and June 2017 respectively.
...
http://www.theedgemarkets.com/sg/article...y-two-rigs
Cosco Corp to delay delivery of two rigs
SINGAPORE (April 1): Cosco Corp ( Financial Dashboard) has hit yet another roadblock.
Its subsidiary Cosco (Dalian) Shipyard has received a request from a ship owner to push back the delivery of two drilling rigs.
The rigs were part of three projects Cosco secured in November 2013 worth more than US$380 million.
They were initially scheduled to be delivered in 1H2016 and 2H2016 respectively. The buyer had an option to order an additional two rigs.
"Cosco Dalian acceded to the rescheduling of the delivery of the drilling rigs upon the request of and after negotiations with the ship owner," Cosco said in a statement today.
The rigs will now be delivered in December next year and June 2017 respectively.
...
http://www.theedgemarkets.com/sg/article...y-two-rigs
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